Diversified LLC Has $937,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Diversified LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,706 shares of the information services provider’s stock after buying an additional 1,634 shares during the period. Diversified LLC’s holdings in Alphabet were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the period. International Assets Investment Management LLC increased its stake in shares of Alphabet by 4,894.1% in the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after purchasing an additional 5,336,359 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $634,465,000. Ontario Teachers Pension Plan Board bought a new stake in Alphabet during the 3rd quarter valued at approximately $601,545,000. Finally, Lone Pine Capital LLC bought a new position in Alphabet in the 3rd quarter worth approximately $407,367,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,209 shares of company stock valued at $36,711,144. 0.88% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $166.15 on Tuesday. The stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a 12 month low of $103.71 and a 12 month high of $174.71. The firm has a fifty day simple moving average of $148.36 and a 200 day simple moving average of $141.62. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter last year, the company earned $1.17 EPS. Research analysts forecast that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, June 10th.

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOGL shares. Truist Financial raised their price target on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Roth Mkm raised their price objective on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James upped their target price on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group boosted their price target on shares of Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday. Finally, Evercore ISI raised their price objective on shares of Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $189.44.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.